“ALE is calculated based on how much dwelling coverage you have with your home insurance.
Dwelling coverage is how much money an insurance company will give you to rebuild your home.
ALE should be about 20 to 30 percent of that.”
Interior of the lobby at Palihouse West Hollywood.Credit:Caylon Hackwith/Courtesy of Palisociety
Of course, this is just one example.
And renters without insurance will not have access to insurance like this.
Both Sangameshwar and Lewis agreed.
Sangameshwar added that rebuilding homes in L.A. is “going to take longer than you think.”
you’re able to also email mae.hamilton@dotdashmdp.com; maya.kachroo-levine@dotdashmdp.com; and nina.ruggiero@dotdashmdp.com.
